Stay Wealthy San Diego

Interest rates are at record low levels. The bond market in an almost 40-year year bull market. It's very possible you have heard some version of the following statement: "If (or when) interest rates rise, bonds will lose money." If you're a listener of this retirement podcast, you might know that it’s not entirely incorrect. Bonds and interest rates do have an inverse relationship. But it's complex. Learn what really happens to a long-term bond portfolio if we enter a rising interest rate environment. The answer may surprise you! For all the links and resources mentioned in this episode, visit www.youstaywealthy.com/57 DISCLAIMER: This podcast is for informational and entertainment purposes only and should not be relied upon as a basis for investment decisions. This podcast is not engaged in rendering legal, financial, or other professional services

Perth Tolle is the founder of Life and Liberty Indexes. And she allocates over 50% of her hard-earned money to emerging markets. But why? Why invest in emerging markets at all? Why invest overseas if the U.S. stock market has done so well? And what are emerging markets anyways? We are answering all this and more in today’s interview. Show Notes & Links: www.youstaywealthy.com/56 DISCLAIMER: This podcast is for informational and entertainment purposes only and should not be relied upon as a basis for investment decisions. This podcast is not engaged in rendering legal, financial, or other professional services.

There are roughly 69 million Social Security beneficiaries in the U.S. And these beneficiaries will be witnessing a few changes to their Social Security benefits in 2020. But some working professionals who aren't even close to claiming Social Security benefits will also be experiencing a change. In today's episode, I'm sharing three important changes to Social Security in 2020, including a change that will trigger a tax increase for many younger people still working. I'm also sharing some free tools and calculators you can use to gain more clarity around your financial situation as you approach retirement. Show Notes & Links: www.youstaywealthy.com/55 DISCLAIMER: This podcast is for informational and entertainment purposes only and should not be relied upon as a basis for investment decisions. This podcast is not engaged in rendering legal, financial, or other professional services.

Without question, you have heard of Exchange Traded Funds, also commonly referred to as ETFs. It's a complex topic so I brought in the best person I know to help us break it down, in plain English.  Ryan Kirlin is the Head of Capital Markets for Alpha Architect. He's also a national-caliber rowing athlete and his claim to fame is having been tested at a resting heart rate of 38 while on the U.S. team for rowing. It was the second-lowest resting heart rate recorded by the US team doctors in 40 years! Today, with Ryan's help, we’ll dig into: What exactly an ETF is How ETFs are different from a mutual fund The tax benefits of an ETF versus a mutual fund Why their popularity won't be slowing down any time soon Show Notes & Links: www.youstaywealthy.com/54 DISCLAIMER: This podcast is for informational and entertainment purposes only and should not be relied upon as a basis for investment decisions. This podcast is not engaged in rendering legal, financial, or other professional services.

If you are investing for retirement, you’ve probably come across target-date mutual funds. You may even be investing in one in your 401K and not realize it. So, you’re likely wondering what they are and why they are so popular. The thing is, target-date mutual funds are just like other mutual funds - some are conservative and others are risky. The trick is making sure they are balanced well when you’re most vulnerable. So, who has the right mix for you? And are they the right strategy for your plans? Today, we’ll discuss four things to help you decide if target-date mutual funds are the right investment for your retirement dollars and how to know if you’ve got one that matches your goals. What a target-date fund is (and why they are so popular) The different types of target-date funds and how to tell the difference Why some are more expensive than others and what that means What you should look for to determine if they are right for your retirement goals http://www.youstaywealthy.com/53 DISCLAIMER: This pod

The founder of the Kinder Institute of Life Planning, George Kinder, joins us on the show today to talk about his passion – helping you find your life’s purpose and aligning your financial goals to it. In today’s episode, you will learn: Why life planning puts the financial planning process in the client’s hands (and why it should be this way) How life planning creates a trusted and authentic relationship between the client and the financial advisor Why advisors should know your life’s meaning to invest your money properly Download George Kinder’s Three Questions using the link below to help find meaning in your financial goals. Then join us as we explore how it works and why it should be part of everyone’s financial planning. Show Notes & Links: www.youstaywealthy.com/52 DISCLAIMER: This podcast is for informational and entertainment purposes only and should not be relied upon as a basis for investment decisions. This podcast is not engaged in rendering legal, financial, or other professional services.

The economy has some of you worried right now, and for good reason.  The interest rate environment is different from years’ past, the Dow Jones lost 800 points recently, and the yield curve inverted last week. So, what does all of this mean for you and your investments?  And should you be concerned about a recession? Today, we’ll tackle questions from our listeners to determine if your financial plan has the components to keep you on the right track during difficult times. Join us today as we discuss: Recent market volatility The yield curve inversion Right time of year to take required minimum distributions If buying extra insurance through your employer makes sense Show Notes & Links: www.youstaywealthy.com/51 DISCLAIMER: This podcast is for informational and entertainment purposes only and should not be relied upon as a basis for investment decisions. This podcast is not engaged in rendering legal, financial, or other professional services.

Due to recent tax reform, only 10% of Americans itemized their deductions in 2018 compared to 30% in 2017. This has significantly impacted the tax benefits of charitable giving. Or has it?   In today's episode, I'm discussing: Exactly what a Donor-Advised Fund is in its simplest form Who is the right fit for using a Donor-Advised Fund If you are a potential candidate, what the absolute best strategy is for funding one Where to open a Donor-Advised Fund + a handful of really important things to look out for Show Notes & Links: https://youstaywealthy.com/50  DISCLAIMER: This podcast is for informational and entertainment purposes only and should not be relied upon as a basis for investment decisions. This podcast is not engaged in rendering legal, financial, or other professional services. Speak to your tax professional and financial advisor before taking any action. 

If retirement is around the corner, it’s likely you’ve considered downsizing your home. Whether it’s for a move to a smaller space or to finally clean out all that stuff you’ve accumulated over the years, downsizing can be a stressful prospect.  There is so much to do. And what if you and your spouse don’t agree on what to purge and what to keep? It’s enough to make anyone’s head spin. Today we’ll talk with professional organizer Jen Robin, owner of Life in Jeneral. For Jen, downsizing is more than purging stuff. It’s creating a system for your life so you are surrounded by the things you need, want, and love.  If you’ve always imagined a simpler, more joyful space for your retirement years, then today’s episode is for you. We’ll learn: The value of downsizing to create a more meaningful space How to organize your home and downsize your life in preparation for retirement Steps to take if one spouse isn’t into the process Specific solutions for hanging onto keepsakes  How downsizing can fit into your financia

Advanced care planning is not a fun topic to bring up at the dinner table, but what happens if you get seriously ill or injured and can’t speak for yourself? Do you have someone you trust to speak on your behalf who can easily represent your wishes? Or would your hospital room be fraught with conflict and arguments? Today, Paul Malley, President of Aging with Dignity, joins us to talk about Five Wishes, a personal guide that encourages people to discuss difficult topics with loved ones and write end of life wishes in your own words. And while it addresses medical care and treatment, its true gift is that it includes your personal, emotional, and spiritual wishes. It’s also a legal document in almost every state. Join us as Paul and I talk about: What Five Wishes is and how it goes beyond a living will or advanced medical directive How Five Wishes can work with other estate planning documents you might already have How it fits into your financial plan Leaving your legacy for your loved ones is the natural ne

Retirement planning expert, Ashby Daniels, CFP® joins us on the show today to talk about how to properly plan and invest for a 30+ year retirement. In today’s episode you are going to learn three things: Why living longer shouldn’t necessarily be considered a risk to your retirement How inflation impacts your retirement nest egg and how to factor it into your retirement plan so you don't run out of money A specific investment strategy that can be used to address some of the common challenges that many retirees are facing today For all the links and resources mentioned in this episode, visit www.youstaywealthy.com/47

Homeowners insurance is more than just another bill the mortgage company makes us pay every year. It’s the price we pay for peace of mind if our property is damaged in a fire or destroyed by a natural disaster. Unfortunately, homeowners insurance isn’t cheap. And if you don’t take steps to mitigate the cost of this coverage, you could wind up paying A LOT more than you need to. Auto insurance isn’t any different. It’s costly but wildly important. The good news is you have more control over your policy than you might think. A few tweaks can save you hundreds of dollars per year and, more importantly, provide you and your family with more protection. In today’s episode, I’m going to share three things: How to optimize your policies by improving your coverage and reducing your costs Common pitfalls and how to avoid them Where to shop for insurance to make sure you are getting the best deal without putting yourself at risk Listen to today’s podcast episode to learn more! Show Notes & Links: www.youstaywealt

Uber and Lyft are two big companies that made a huge splash with their IPOs recently, but it remains to be seen whether either will become profitable. Both have posted billions in losses so far and it doesn’t seem like that will change any time soon. With that in mind, it makes you wonder why so many investors pay tons of money to invest in IPOs as soon as they can. I mean, what’s the big deal? In today’s show, I’m going to dive into this topic and provide some academic data that sheds light on IPOs. Once you know more about them and how they’ve performed historically, you may come to see IPOs for what they are — an exciting event that will more than likely cost you money if you get involved. Show Notes & Links: www.youstaywealthy.com/45 DISCLAIMER: This podcast is for informational and entertainment purposes only and should not be relied upon as a basis for investment decisions. This podcast is not engaged in rendering legal, financial, or other professional services.

It’s easy to believe you’ll always be in great health, but the truth is, none of us knows what the future brings. You may be in great shape today but find yourself gravely ill or disabled within a few weeks. This change of events would inevitably muck up your retirement plans, and a loss in income could even leave you scrambling to keep up with regular bills. That’s where disability insurance kicks in. This type of coverage can replace part of your income when you become sick or disabled and unable to work. Disability insurance isn’t typically “cheap” per se, but it can be well worth it for the peace of mind alone - and even more valuable if you ever need to file a claim. Today we’re going to talk about how this insurance works, what to look for in a policy, and why getting a free policy from your employer doesn’t mean you’re truly protected. We’ll also talk about why you could need disability coverage in the last few years of your career. Listen to today’s podcast episode to find out if you have enough prote

When it comes to investing, historical returns show us that, for the most part, a buy-and-hold strategy will always outperform an active one. This means that, once you have a concrete investing plan in place, you should stick with it through thick and thin — and no matter what the market does on any given day. But that doesn’t mean you can randomly buy stocks and bonds and expect things to go your way. Well, you can, I guess...but you will likely regret it for years to come if you do. In today’s podcast, I interviewed Peter Lazaroff, financial expert and author of Making Money Simple: The Complete Guide to Getting Your Financial House in Order and Keeping It That Way Forever to find out the biggest mistakes even the most well-intentioned investors make with their portfolios over time. His answers may surprise you, so you don’t want to miss out.  Show Notes & Links: www.youstaywealthy.com/43 DISCLAIMER: This podcast is for informational and entertainment purposes only and should not be relied upon as a bas

Buying a home comes with huge financial implications, and many of them come into play well before you make an offer and close on your mortgage. You could spend months, years, or even decades saving up the down payment for your home — and that’s especially true if you plan to save 20% or more or if you live in an expensive area. To make the most of your situation, you’ll need to focus on two main imperatives — figuring out where to save your down payment funds, and deciding on a mortgage that fits in with your budget and your goals. Many people assume picking a mortgage is a piece of cake, but that couldn’t be further from the truth. While it’s easy to think you’ll just get a 30-year, fixed-rate mortgage because that’s what all your friends and colleagues have done, a home purchase provides the perfect opportunity to think differently about what you really want. In this podcast, we’ll go over my thoughts on where you should save your down payment during any timeline of less than ten years. But we’ll also talk

The most common question about Social Security is "when should I take it?"  It’s a simple question but there are a number of factors that need to be considered before you can accurately answer. If you're already taking Social Security, don't panic. There may be a solution for you if you want to change the timing of your benefits after listening to this episode. To summarize, today on the show I'm talking about: The optimal time for most people to take Social Security Why your investment strategy might impact when you decide to take your benefits How to fix a common Social Security mistake Show Notes & Links www.youstaywealthy.com/41  DISCLAIMER: This podcast is for informational and entertainment purposes only and should not be relied upon as a basis for investment decisions. This podcast is not engaged in rendering legal, financial, or other professional services. 

Think you don’t have anything of value online? Think again. The reality is, almost everyone who uses the internet in any capacity has digital assets to protect. Digital assets can include any account or information you preserve on the web — things like email accounts and your social media accounts. A digital asset could also be anything you own online, such as a personal blog or a website for your business. If your goal is protecting yourself and your heirs from modern pitfalls like having your bank account hacked, having fraudulent purchases charged to old credit cards, or identity theft, it’s crucial to have a plan in place to protect your digital assets while you’re alive and once you’re gone. And that’s what today’s podcast is about. To help you hatch a plan to care for the digital assets we often forget about, I interviewed estate planning expert Jamie Hopkins. In today’s show, our expert explains the importance of digital assets in our modern lives as well as steps we can take to prevent unnecessary str

Are you a working professional? If so, now is the perfect time to make smart moves to lower taxes in retirement. Nearing retirement or already retired? Don't worry, it's not too late to win the game against the I.R.S. Remember, it's very possible to have a higher tax bill in retirement than as a working professional. Where do these taxes come from? Required Minimum Distributions (RMDs) Social Security Pensions Real Estate Income Roth Conversions Interest and Dividends Capital Gains Without the proper planning, you could be in for a rude awakening. Check out this week's podcast episode to learn how you can reduce your tax bill in retirement. I'm breaking it down for you in plain English. Show Notes & Links: www.youstaywealthy.com/38 DISCLAIMER: This podcast is for informational and entertainment purposes only and should not be relied upon as a basis for investment decisions. This podcast is not engaged in rendering legal, financial, or other professional services.    

Did you know anyone can call themselves a financial advisor? Or a financial planner, a wealth manager, an investment manager… the list goes on and on. Believe it or not, these titles have no legal or regulatory meaning. They’re not evidence of experience or education. They’re just marketing tools. In fact, you could call yourself a wealth manager right now if you wanted! That’s just one reason why finding a trained, experienced, and legitimate financial advisor who works in your best interest at all times and won’t sell you and products is tough. But, I'm here to help! Today, I'm talking about the 10 biggest mistakes to avoid (plus, the questions you need to ask!) before hiring a financial advisor to help with retirement. Show Notes: www.youstaywealthy.com/38 Questions & Feedback: podcast@youstaywealthy.com  DISCLAIMER: This podcast is for informational and entertainment purposes only and should not be relied upon as a basis for investment decisions. This podcast is not engaged in rendering legal, financi